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Next Steps on Aleph Startups Fireside Chat

Aug 26, 20243 min read

Next Steps on Aleph Startups Fireside Chat

Participants

Key Topics Discussed

Introduction and Background

  • Molly and Gabriel shared their roles and experiences in supporting startups within the Web3 ecosystem.
  • Graph Paper Capital is an early-stage Web3 accelerator and network, providing investment, access to a vast network, and resources.
  • Molly highlighted her involvement in various roles within the PL Venture Studio, mentoring startups, and running LF weekly showcases.

Unique Aspects of Graph Paper Capital

  • Gabriel discussed his transition from working at Consensus and starting Tachyon.
  • Focus on providing hands-on support to founders from a network of experienced entrepreneurs and investors.
  • Innovative profit-sharing model, where 20% of their carry is pooled and shared with 85 venture partners to incentivize high-impact contributions.

Importance of Community and Real-World Feedback

  • Emphasis on solving real problems for real users, stressing the importance of daily interaction and feedback.
  • Discussion on product-market fit (PMF) and adoption strategies.
  • Web3 pop-up cities like Aleph as a unique environment for startups to engage with early adopters and validate their ideas.

Documenting Process and Sawdust Content

  • Gabriel advised founders to document their development process and share early prototypes and videos.
  • This helps in building a community of users who follow their journey and become dedicated early adopters.

Fundraising Tips

  • Both speakers highlighted the importance of showing momentum and building investor relationships over time.
  • Gabriel shared insights from the blog post “Lines, Not Dots” by Mark Suster, emphasizing consistent updates and progress over time to build investor confidence.
  • Recommendations for tactical introductions and leveraging existing networks for warm intros rather than cold outreach.

Interactive Q&A

  • The audience engaged with questions about fundraising, overcoming reputation barriers, and refining their pitches.
  • Emphasis on practicing elevator pitches to quickly and clearly communicate a startup’s value proposition.

Case Studies and User Interaction

  • Founders shared their products and experiences, including user feedback and iteration based on real-world testing.
  • Examples included apps for crypto payments and financial tools tailored to high-inflation environments like Argentina.

Sentiments

  • Strong sense of excitement about solving real problems and leveraging rapid iteration and user feedback.
  • Founders are encouraged to integrate continuous improvement and user engagement into their development processes.

Next Steps

  • Suggesting regular practice sessions for pitch refinement.
  • Encouraging ongoing interaction with users and iterative development based on their feedback.
  • Highlighting the importance of networking and building relationships within the Web3 community to support future fundraising efforts.

Conclusion

The fireside chat provided valuable insights and practical strategies for Web3 startups to navigate product development and fundraising challenges. The session emphasized the importance of community, continuous iteration, and strategic investor relations.

This content was generated by AutoGraph, a TinyCloud product. Generated at Mon, 26 Aug 2024 15:44:23 GMT

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